Please find the attached outcome of board meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Callista Industries' board, at its meeting on March 21, 2026, approved the appointment of Mrs. Binita Devang Shah as Internal Auditor of the company for the financial year 2025-26. Mrs. Shah is described as a finance and accounting professional with experience in internal audit, financial management, and statutory compliance. Importantly, the disclosure reveals that Mrs. Binita Devang Shah is related to Mrs. Rashmi Ravi Sharma, the Managing Director of the company. The board meeting lasted just 30 minutes (4:00 PM to 4:30 PM). No other major decisions were disclosed.
Shareholders should note that the newly appointed Internal Auditor is a relative of the Managing Director, which raises governance and independence concerns. Internal auditors are expected to independently review controls and flag issues, and a family relationship with the MD could compromise this independence. This may draw scrutiny from regulators and proxy advisors.